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“# Ether already ‘flippening’ Bitcoin, says Celsius CEO ” Bitcoin (BTC), the largest cryptocurrency by market capitalization, has already started losing its market dominance to Ether (ETH), according to Celsius Network CEO Alex Mashinsky. In a Monday interview with Kitco News, Mashinsky argued that the Ether “flippening,” or the hypothetical scenario in which Ether overtakes…
“#Finger Lakes Bitcoin mining operation sparks local concerns” A gas-fired power plant being used to support a Bitcoin mining operation in upstate New York has divided local residents over the environmental toll of the energy-intensive process versus the economic benefits the business brings to town. Locals who have protested the operations of the plant, which…
“# Bitcoin exchange supply hits a 6-month low as accumulation continues ” The amount of Bitcoin (BTC) held on exchanges has been declining steadily since mid-May, offering reassurance that the worst of the market selloff has passed. At current levels, Bitcoin’s exchange supply is at its lowest level since early January, according to crypto analytics…
“# BTC price drops to fill Bitcoin futures gap as focus turns to $46.5K bull target ” Bitcoin (BTC) traded at crucial support near $33,000 on Monday after a weekend of gains disappeared in hours. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin futures mark fresh price targets Data from Cointelegraph Markets Pro and TradingView…
“# Ukrainian e-bank plans to offer Bitcoin trading in July ” As the Ukrainian government progresses with cryptocurrency-related legislation, a major local e-bank is preparing to launch a debit card featuring Bitcoin (BTC) trading. Ukrainian online banking application Monobank has completed a pilot integration with a cryptocurrency trading platform, Monobank co-founder Oleg Gorokhovsky announced Monday….
“# China crypto ban a ‘huge opportunity for Canada,’ mining group head says ” China’s regulatory crackdown on cryptocurrencies continues to alienate major miners. Dubai-based investment company IBC Group reportedly plans to end Bitcoin (BTC) and Ether (ETH) mining operations in China following ban announcements from the different provinces across the country. The group has…
“# An even bigger mining difficulty drop? 5 things to watch in Bitcoin this week ” Bitcoin (BTC) starts a new week in familiar territory after a weekend of solid gains ended in a drawdown — what’s in store? With another rally to near $36,000 under its belt, the largest cryptocurrency is showing signs of…
“# Bitcoin fractal setup from 2019 hints BTC price can rebound back to $50K ” Bitcoin (BTC) faces the prospects of reaching $47,500-$50,000 based on its current trend’s eerie similarity with the one in June through December 2019. 2019 Bitcoin fractal In detail, Bitcoin topped out around $14,000 on June 26, 2019, before turning lower…
“# Are cryptocurrency ransom payments tax deductible? ” About 2,000 years ago during its Han dynasty, China made peace with some of the nomadic people of Central Asia who continuously ransacked Silk Road traders for an easy payday. It did so in order to fully establish the Silk Road trade route, which stretched from China…
“# Cryptocurrency and the rise of the user-generated brand ” In the whirl of excitement and debate over where cryptocurrencies are going and whether they are legitimate, sustainable and prudent investments, there is an overshadowed conversation of interest to those in marketing: Are Bitcoin (BTC), Ether (ETH), Cardano’s ADA, Litecoin (LTC), XRP, Dogecoin (DOGE), etc.,…